New air freight index shows forwarders not so bullish on September volumes
The latest logistics indicator, the APAC Forwarding Index, has thrown up some interesting predictions, which ...
How long has it been since air cargo saw double-digit yield growth? Well, it’s no real surprise, perhaps, but October was good. WorldACD logged 6.2% year-on-year growth in kilos, and worldwide yields were up 3% on September. The double-digit figures came from Asia-Pacific: China outbound was up 12% by volume; and Taiwan grew 19%, year-on-year. Month-on-month yield growth was a heady 12% out of China and 9% out of Korea. Even South America caught a break – yields were up 10% month-on-month, while volumes grew 3.6% year-on-year.
WorldACD has come up with a new measure, which appears to more accurately reflect the market than the traditional FTKs, which included operational routing changes. Direct Tonne Kilometres (DTKs) multiplies weight with the shortest distance between origin and destination of shipments, making it a more market-led measure. And in DTKs, year-on-year growth was 7.4%. As always, interesting analysis from WorldACD.